COMPANY PROFILE

Beam

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Shared Electronic Scooter Rentals

Singapore, SingaporeFounded 2018Transportation

Valuation $250–500M Last recorded · 2022

Revenue $10–50M Latest reported FY

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Beam

Beam is a micromobility startup operating in the Asia Pacific region. Launched in January 2019, the company aims to improve urban transportation by offering an eco-friendly alternative to traditional vehicles. Beam provides electric scooters for rent, targeting city dwellers and tourists looking for a convenient, sustainable mode of transport.

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The company operates on a rental model, where users locate and unlock a Beam scooter using the company's app, and pay for the duration of their ride. This model allows Beam to generate revenue while providing a service that meets the growing demand for green transportation solutions.

Beam sets itself apart with its commitment to environmental sustainability. It is the only operator in its region to be Certified Climate Neutral, and has pledged to become Carbon Negative by 2025. This means that Beam aims to remove more carbon dioxide from the atmosphere than it produces.

The company also invests in technology that gives local councils control over city spaces, promoting safer usage of their vehicles. Beam's technology is complemented by its rider education and enforcement program, the Beam Safe Academy, which ensures that all riders use the scooters safely.

Furthermore, Beam supports local businesses and communities through partnership initiatives, driving traffic to local businesses and enabling transport for all. The Beam team is made up of local residents who understand the unique needs and challenges of their cities.

Source: Dealroom company data